Discussion in 'Rifle Country' started by Techsan, Jun 6, 2012.
I'm with you on the Ruger American. It looks like a nice rifle at that price.
it could be as simple as ruger didn't make as much money as investors thouht they should.
Remember, 18 months ago (when some of us bought it) it was around $15.25 per share (vs. 36.37 close today).
First, as Browning guy pointed out, RGR made a fast run up and got a little ahead of itself.
Second, President Obama is the best gun salesman since Bill Clinton. Everything that hurts Obamas re-election chances also hurts the outlook for Ruger's 2013 sales.
Now that Ruger has started taking orders again, I think that the Obama based gun-ban fear, combined with the fact that they have recently rolled out an impressive showcase of hugely popular designs suggests that the stock won't be in a dive much longer.
At least, that's what I'm hoping, I took the opportunity last Friday to buy up some RGR along with a few other stocks while the market was mourning the jobs report.
I guess we'll find out one way or the other...
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